Hammerson Valuation

Is HMSO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HMSO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HMSO (£0.2) is trading above our estimate of fair value (£0.13)

Significantly Below Fair Value: HMSO is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HMSO?

Other financial metrics that can be useful for relative valuation.

HMSO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.7x
Enterprise Value/EBITDA17.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HMSO's PS Ratio compare to its peers?

The above table shows the PS ratio for HMSO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.1x
IRES Irish Residential Properties REIT
6x0.5%€524.8m
CRR.UN Crombie Real Estate Investment Trust
5.2x4.3%CA$2.3b
ROIC Retail Opportunity Investments
4.7x3.0%US$1.7b
SK6U Paragon REIT
8.3x3.8%S$2.4b
HMSO Hammerson
5.6x-8.1%UK£1.4b

Price-To-Sales vs Peers: HMSO is good value based on its Price-To-Sales Ratio (5.6x) compared to the peer average (6.1x).


Price to Earnings Ratio vs Industry

How does HMSO's PE Ratio compare vs other companies in the European Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0%
n/an/an/a
No more companies

Price-To-Sales vs Industry: HMSO is good value based on its Price-To-Sales Ratio (5.6x) compared to the European Retail REITs industry average (5.7x).


Price to Sales Ratio vs Fair Ratio

What is HMSO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HMSO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HMSO's Price-To-Sales Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HMSO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.20
UK£0.27
+30.3%
27.6%UK£0.37UK£0.14n/a14
Apr ’25UK£0.21
UK£0.27
+25.3%
27.6%UK£0.37UK£0.14n/a14
Mar ’25UK£0.21
UK£0.26
+23.2%
29.4%UK£0.37UK£0.13n/a14
Feb ’25UK£0.21
UK£0.26
+23.2%
27.8%UK£0.36UK£0.13n/a15
Jan ’25UK£0.21
UK£0.25
+16.5%
30.1%UK£0.36UK£0.13n/a15
Dec ’24UK£0.21
UK£0.24
+15.6%
31.6%UK£0.36UK£0.12n/a15
Nov ’24UK£0.21
UK£0.25
+15.8%
31.0%UK£0.36UK£0.12n/a18
Oct ’24UK£0.21
UK£0.24
+15.6%
30.9%UK£0.36UK£0.13n/a18
Sep ’24UK£0.21
UK£0.24
+12.9%
29.9%UK£0.36UK£0.12n/a18
Aug ’24UK£0.22
UK£0.24
+8.5%
29.4%UK£0.36UK£0.12n/a18
Jul ’24UK£0.22
UK£0.25
+11.6%
26.0%UK£0.36UK£0.15n/a18
Jun ’24n/a
UK£0.25
0%
25.7%UK£0.39UK£0.15n/a19
May ’24n/a
UK£0.25
0%
26.8%UK£0.39UK£0.15UK£0.2019
Apr ’24UK£0.22
UK£0.24
+8.0%
29.9%UK£0.39UK£0.15UK£0.2119
Mar ’24n/a
UK£0.24
0%
29.8%UK£0.39UK£0.15UK£0.2119
Feb ’24UK£0.28
UK£0.23
-16.4%
26.1%UK£0.39UK£0.15UK£0.2119
Jan ’24n/a
UK£0.23
0%
26.3%UK£0.39UK£0.15UK£0.2119
Dec ’23UK£0.20
UK£0.22
+11.7%
27.5%UK£0.39UK£0.15UK£0.2119
Nov ’23n/a
UK£0.21
0%
31.5%UK£0.39UK£0.15UK£0.2117
Oct ’23UK£0.19
UK£0.23
+21.9%
35.3%UK£0.39UK£0.15UK£0.2117
Sep ’23UK£0.21
UK£0.26
+25.6%
33.5%UK£0.43UK£0.15UK£0.2117
Aug ’23UK£0.22
UK£0.26
+18.8%
35.6%UK£0.43UK£0.13UK£0.2217
Jul ’23n/a
UK£0.31
0%
20.1%UK£0.43UK£0.16UK£0.2217
Jun ’23n/a
UK£0.31
0%
19.2%UK£0.43UK£0.16n/a17
May ’23UK£0.29
UK£0.32
+9.4%
17.8%UK£0.43UK£0.19n/a16

Analyst Forecast: Target price is lower than the current share price.


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